So, the reason I posted this is to ask a question of my fellow FReepers. What does the DoJ have to do with the NBC/Comcast merger? The FCC at least has some relation to the industry, though I'm not sure how I feel about them approving mergers. But DoJ?
Insight welcome. Thanks.
Hey Al. Why don’t you stay the bleep out of the marketplace.
It’s not the role of government, and besides, you’ve proven with your own failed attempts at capitalism that you don’t know what you’re talking about.
Since franken wrote this my automatic response is to reject this and support the merger.
It's about race. Why else would Obama\Holder be involved. It seems that there is not the right percentage of blacks in upper management of the two companies to suit the quota queens. There is also not a high enough percentage of black owned channels\networks on the Comcast cable offerings.
The DOJ has to sign off on the deal because of anti-trust implications.
Franken, as a former NBC employee (Saturday Night Live), can’t be trusted to have an objective view here. I don’t think he necessarily wants to stick it to his old bosses though.
Uberlibs like Franken have this nutty idea that the media is not liberal but conservative and as proof they site that they are owned by (horrors!) corporations! In their brains, corporation=big business=conservative=evil.
It matters not that these media corporations spew leftist pap most of the time, they are evil because they are corporations and the only thing worse than a corporation is a corporation buying up other corporations. These people reason that it should be government’s job to buy up corporations to make sure they are “fair”.
This is not really a Merger. It is Comcast buying NBC Universal from GE. How much worse could NBC be under Comcast then it is under GE?
>>>What does the DoJ have to do with the NBC/Comcast merger?
Antitrust. Monopolies. Programming content owners also owning distribution means, collusion - a distributor giving preferential treatment to distribution of product they own a chunk of vs hindering distribution of content they don’t own a chunk of.
The fedz withholding the ability for mergers sort of like they did to banks that wouldn’t lend to financially unqualified minorities.